|1||Electrical energy||$190.37 M|
|2||Parts for heavy machinery||$100.87 M|
|4||Commercial vehicles||$64.83 M|
|5||Trailers and similar vehicles||$44.85 M|
|6||Self-propelled heavy construction machinery||$37.31 M|
|7||Pumps for dispensing liquids||$37.06 M|
|8||Motor vehicle parts||$35.08 M|
|9||Misc. mineral or chemical fertilizers||$34.99 M|
|10||Engine parts||$30.72 M|
|1||Petroleum gases, other gaseous hydrocarbons||$1.11 B|
|2||Potassic fertilizers||$607.88 M|
|3||Value added to a returned import||$368.25 M|
|4||Live cattle||$249.25 M|
|6||Gasoline, other fuels||$146.03 M|
|7||Radioactive chemical elements and isotopes||$140.61 M|
|9||Particle board||$128.51 M|
|10||Rapeseed, colza or mustard oil||$120.45 M|
Port of Eastport, Idaho’s trade increases 7.75 percent through October
Port of Eastport, Idaho’s trade with the world rose 7.75 percent, from $5.59 billion to $6.02 billion through the first 10 months of 2018 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Eastport, Idaho ranked No. 80 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 82. It finished No. 82 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; John F. Kennedy International Airport and Port of Newark.
Through October Port of Eastport, Idaho’s top trade parters were No. 1 Canada, No. 2 Mexico, No. 3 The Netherlands, No. 4 Germany and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by Canada, Mexico, Germany, The Netherlands and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 7.71 percent to $5.79 billion.
Exports rose 18.21 percent to $1.82 billion. Imports rose 3.51 percent to $3.97 billion.
- Trade with No. 2 Mexico fell 19.59 percent to $75.31 million.
There were no exports. Imports fell 19.59 percent to $75.31 million.
- Trade with No. 3 The Netherlands rose 64.61 percent to $64.72 million.
There were no exports. Imports rose 64.66 percent to $64.72 million.
- Trade with No. 4 Germany rose 13.89 percent to $45 million.
There were no exports. Imports rose 13.89 percent to $45 million.
- Trade with No. 5 United Kingdom rose 21.59 percent to $37.02 million.
There were no exports. Imports rose 21.74 percent to $37.02 million.
Port of Eastport, Idaho’s top five trading partners through October accounted for 99.76 percent of its trade with the world.
Port of Eastport, Idaho had trade surpluses with one countries and deficits with 42 through October. That compares with two surpluses and 49 deficits for the same period one year earlier. The top three surpluses through October of this year were with Indonesia, $2,564; Panama, $0; and Singapore, $0. The top three deficits through October of this year were with Canada, $2.15 billion; Mexico, $75.31 million; and The Netherlands, $64.72 million.
Through October it’s top exports were Electrical energy; Parts for heavy machinery; Tractors; Commercial vehicles; and Trailers and similar vehicles, in that order. Those accounted for 25.95 percent of its total outbound trade. The Port’s top imports were Petroleum gases, other gaseous hydrocarbons; Potassic fertilizers; Value added to a returned import; Live cattle; and Oil, accounting for 59.15 percent of all inbound shipments.
Looking more closely at Port of Eastport, Idaho’s exports:
- Electrical energy rose 45.45 percent compared to last year to $190.37 million.
- Parts for heavy machinery rose 56.28 percent compared to last year to $100.87 million.
- Tractors rose 140.4 percent compared to last year to $70.68 million.
- Commercial vehicles rose 89.9 percent compared to last year to $64.83 million.
- Trailers and similar vehicles rose 5.35 percent compared to last year to $44.85 million.
On the import side:
- Petroleum gases, other gaseous hydrocarbons fell 21.42 percent compared to last year to $1.11 billion.
- Potassic fertilizers rose 41.75 percent compared to last year to $607.88 million.
- Value added to a returned import rose 2.47 percent compared to last year to $368.25 million.
- Live cattle fell 12.78 percent compared to last year to $249.25 million.
- Oil rose 950.62 percent compared to last year to $153.03 million.
Last year Port of Eastport, Idaho posted total trade with the world of $5.69 billion. The Port’s deficit was $2.47 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.61 billion and imports came to $4.08 billion.